(Bloomberg) -- The merger deal bringing Donald Trump’s media venture public carries a range of risks for its investors, including permission for the former president to resume tweeting about politics on rival social media platforms he has denounced like Twitter Inc.Most Read from BloombergMeet the Hedge-Fund Manager Who Warned of Terra’s $60 Billion ImplosionU.S. Stocks Extend Losses in Late Session Selloff: Markets WrapOmicron Is Turning Out to Be a Weak VaccineGoldman’s Blankfein Says US at 'V
Shares of Digital World Acquisition Company (NASDAQ: DWAC) fell roughly 19% in April, according to data from S&P Global Market Intelligence. The special purpose acquisition company (SPAC) stock fell amid sell-offs for the broader market, concerns its merger with Trump Media & Technology Group (TMTG) might not go through, poor performance for the Truth Social platform, and news that Tesla CEO Elon Musk is on track to acquire Twitter.
Former President Donald Trump posted on Truth Social, whose parent company is being taken public by Digital World Acquisition Corp.